Trade What You See - Almost Naked Trading

Short AC H4 trade over night with 25 Pip loss:



Now, AC M15 trade now showing reversing back just before CAD Moderate important news:

I am applying Davit's Chart to LG21 Setup on my Crude Oil M30 TF (See Davit's TDI M30 Thread here on FF):

I moved my SL just under the last Bullish Candle to capture 10 Pips !

Stopped out too early with my Short trade as I made my SL too tight going from 36 to 23 Pips at the Term Fib Resistance area - I will have to be careful to keep a more generous again with my SL several Pips above the Fib Resistance Zone and not readjusting the SL closer to just the prior Candle - or to stay out altogether when a major news event is coming:



In retrospect, I see that the ATR was really 76 Pips or twice the SL that I chose - so I lost the 23 Pip SL that I readjusted yesterday - but, would still be in the short trade if I had used the ATR:

Here are my MT5 H8 TF Charts which appear to show great promise - a steadier Candle Trend Analysis that is 1/3 between between the H4 and the D1. The H12 TF seems not much different than the H8 for me anyway. So, I only have to evaluate the Trend and my Active Positions when I wake up, at dinner time and just before Bedtime i.e. just into NY Open at 0900 EST, NY Close at 1700 EST and just before the Frankfurt-EURO and GBP LON Open at 0100 EST !

I am still using the RSI 3 days, but added RSI 13 day and RSI 55 day which resembles almost exactly the TDI-RSI Indicator.

A lot of experts are moving into the H6, H8, H12 for PA analysis with the newer MT5 - with H8 and H12 being the favorites ! I will be happy to attach the Indicators on my FxChoice MT5 Demo account.

Lastly, I have limited the Forex Pairs with Spreads that range from 5 to 15 Pips only.

Here is the first one: